ICBC (01398.HK): RMB 60 Billion Tier-2 Capital Bonds (Tranche 7) Issued, 10-Year Coupon at 1.77%

On 12 Nov 2026, ICBC (01398.HK) completed a RMB 60 billion Tier-2 bond issue: RMB 40 billion of 10-year notes at 1.77% and RMB 20 billion of 15-year at 1.96%.

NewTimeSpace News: On 12 November 2026, Industrial and Commercial Bank of China Limited (stock code: 01398) announced that, with regulatory approval, its 2026 Tier-2 capital bonds (Tranche 7) (Bond Connect) had been issued in the national interbank bond market, in an aggregate size of RMB 60 billion across two tranches.

The announcement disclosed that Tranche 1 is a 10-year fixed-rate bond with a conditional issuer redemption right at the end of year five, an issue size of RMB 40 billion and a coupon of 1.77%; Tranche 2 is a 15-year fixed-rate bond with a conditional issuer redemption right at the end of year ten, an issue size of RMB 20 billion and a coupon of 1.96%.

The Company stated that the proceeds, after deducting issuance expenses, will replenish the Bank's Tier-2 capital in accordance with applicable laws and approvals from the competent authorities.

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